BancFirst Co. (NASDAQ:BANF) Announces Quarterly Dividend of $0.46

BancFirst Co. (NASDAQ:BANF) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.46 per share by the bank on Tuesday, April 15th. This represents a $1.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, March 31st.

BancFirst has increased its dividend by an average of 8.3% per year over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 30.2%.

BancFirst Stock Performance

BancFirst stock traded down $0.92 on Monday, hitting $118.44. The company’s stock had a trading volume of 108,665 shares, compared to its average volume of 112,639. The company has a fifty day moving average price of $118.50 and a 200-day moving average price of $114.82. The firm has a market cap of $3.92 billion, a P/E ratio of 18.39 and a beta of 1.05. BancFirst has a one year low of $81.21 and a one year high of $132.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, equities analysts anticipate that BancFirst will post 6.52 earnings per share for the current year.

Insider Buying and Selling at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares in the company, valued at $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director F Ford Drummond sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at approximately $707,820. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,000 shares of company stock valued at $3,500,350 in the last three months. 33.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on BANF shares. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.